While there is a possibility of an upward move from a short-term perspective, the Nifty has to move past 5,970 to indicate a reversal of the medium-term downtrend.
The Nifty index behaved in line with expectations. Not only did the anticipated pullback materialise, it also met with resistance right at the 5,750-5,775 range mentioned last week
Despite the last minute reversal, the medium term view of the Nifty is still bearish
The US Dollar index has hit resistance and the Nifty bounced off support last Friday, raising the possibility of a short-term rally in the Indian index.
Generally copper leads the equity markets but not this time. If the economy is expanding one would expect demand for materials like copper, oil and aluminum to rise too. However, that does not seem to be the case
The swing high at 5,972 is now the reference point for the bullish camp. The Nifty has to get past this swing high to indicate a reversal of the recent downtrend.
Mumbai's real estate market is that of extremes. On the one hand, hundreds of skyscrapers are constructed and on the other at least 60 percent of the city's population lives in slums
BKC may have edged out Nariman Point as the No. 1 business destination in Mumbai, but if you were to look at the biggest commercial transactions in the last one year, the complex does not even feature on the list
The RBI notes that companies are investing in financial assets rather than real factories and assets that create jobs. India Inc is clearly not convinced that investing in factories is all that beneficial right now.
The dollar-rupee rate has never been as volatile as its has been under the UPA regime.
Shares of most Indian IT companies have been on the rise in the past few months, due to expectations of a rise in demand in the coming year. Most large and mid-size IT players have hinted at a marginal uptick in spending by clients and a rise in discretionary spending during 2014.<br /><br />
There is simply too much inventory available for property builders to not offer discounts. It's time for buyers to drive hard bargains.
The bullishness in the Nifty is neither reflected nor supported by the Bank Index.
As US senate debates the H1B visa regulations, there's a big question its members will have to face: some of the proposals are good for its big tech firms, but are they good for American engineers?
The market is waiting for a clear signal on decisive up or down moves. But the undertone is still bullish, and several stocks look ripe for a punt.
Last week's slide should not scare markets, for the price movement suggests that bulls are still in control.
Though there appear to be no constraints to a short-term rally, the market is nearing all-time highs. It is thus time to take a short-term view.
Bank stocks, especially those in the public sector, will be key drivers of the index in the weeks ahead
Unless the Sensex breaks out we'd be cautious about a market rally. In case the Sensex closes above the 19,800 level, one could go long
The Nifty and CNX Bank Index are locked between bearish and bullish triggers. This means a major move can be expected shortly
With a breakout past 5,690, the short-term trend has turned bullish and the rally towards the target of 6,000 appears underway
Considering the short-term uncertainty, Nifty is best avoided from a trading perspective. Compulsive Nifty traders may take the options route to scalp money from the broad range-bound action.
A short-term corrected in the indices does not negate a move to the Nifty 6,000 level. Grasim and Reliance Cap are also in a small downtrend
The global markets will take their cues in the coming weeks on how the US tackles its fiscal cliff. Its not the time to be bullish or bearish
The short-term outlook remains bullish and a rally to the immediate target of 6,000 remains the preferred view.
A rally in the US markets can be a positive for the Indian markets. Aggressive S&P 500 traders can buy the S&P futures traded on NSE to take advantage of a potential bounce.
The Nifty is still in bull territory, and so is the CNX Bank index. So watch the action closely next week for hints on future direction.
The Nifty is still to figure out its direction. It's best to look at stocks that are showing some direction: like Sundaram Finance and M&M